Thursday, April 16, 2020
2:00 – 3:00 pm (Eastern Time)
1:00 – 2:00 pm (Central Time)
12:00 – 1:00 pm (Mountain Time)
11:00 – 12:00 pm (Pacific Time)
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted last week, delivers emergency assistance to businesses, financial institutions, and individuals affected by the COVID-19 pandemic.
Among other things, the CARES Act:
- Expands Small Business Administration (SBA) Section 7(a)lending opportunities through the Paycheck Protection Program (PPP);
- Delays compliance with current expected credit losses methodology for estimating allowances for credit losses (CECL);
- Provides limited relief for institutions with respect to troubled debt restructurings (TDRs);
- Temporarily reduces the Community Bank Leverage Ratio (CBLR);
- Reinstates the FDIC Temporary Liquidity Guarantee Program (TLGP); and
- Enables the Federal Reserve and the Treasury Department to develop additional credit and liquidity programs.
This timely and crucial banking webinar will cover:
- Opportunities for banks to capitalize on provisions of the PPP; and
- Key provisions of the CARES Act discussed above and related areas of interest for financial institutions.
This banking webinar is appropriate for:
- Chief credit officers, lending executives, directors, and other senior management;
- In-house counsel and regulatory compliance staff; and
- Banks partnering with financial technology (fintech) companies.
John Popeo is a principal at The Gallatin Group, a consulting firm that advises financial institutions, investment companies and technology firms on a range of complex transactions and bank regulatory matters. Prior to joining Gallatin, Mr. Popeo was a senior associate in the financial institutions group (FIG) at Hogan Lovells US LLP. He spent a decade in various roles at the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Bank of Boston. At the FDIC, Mr. Popeo assisted in responding to the 2008 global financial crisis and represented the agency before various subcommittees of the Financial Stability Oversight Council (FSOC). Mr. Popeo also drafted regulations to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Earlier in his career, he worked in the Financial Litigation Unit of the United States Attorneys’ Office. Mr. Popeo also serves as a faculty member at the Financial Integrity Institute at Case Western Reserve University School of Law.
1.0 CPE Credits